COMPANY OUTLOOK :
Century Enka Ltd.
Demand of NTCF is sustained and both the plants at Bharuch and Pune are operating at full capacities, however duty concessions under FTAs and renewal of anti dumping duty on NTCF will be critical to the survival of NTCF. Margins are under pressure because of surplus capacity in Polyester POY and higher import of NFY. Energy is a major cost component. As a risk managing measure, the Company is pursuing with Maharashtra State Electricity Distribution Company Limited to allow the Company to purchase power under open market operation for it's Pune plant. The neighbouring State of Gujarat, where company's another plant is located, offers such a facility. Introduction of Value Added Tax (VAT) @ 5% on NTCF in Maharashtra and increase in Local Body Tax (LBT) @ 2.4% on all inputs including the main raw material as compared to Oct roi rate of 1.55% for Pune plant will severely affect profit margin.The outlook in near term as well as long term remains cautiously positive.
Sintex Industires Ltd
The Company offers a huge bouquet of products -- from creating housing units to small components that find application in the medical equipment and electrical businesses -- processed at its facilities across India - emerging as the only plastic processing Company with a pan- India manufacturing presence. Revenue from this business grew by 14.88% from Rs.4,729.43 crore in 2012-13 to Rs.5433.19 crore in 2013-14 despite the continued endeavour to gain business exposure in the monolithic construction space, due to prevailing external adversities. This segment contributed 90.87% of the Company's consolidated revenues. EBIDTA moved to Rs.912.40 crore in 2013-14 against Rs.665.95 crores in 201213. Input cost prices and inflation pressured] EBIDTA margins of this business.
PTC India Ltd
It has been another fruitful year in terms of the Agreements signed by Company for the sale of power to the State Utilities through Competitive Bidding Processes. Company, having participated with a cumulative capacity of 4379 MW in bids invited by various State Utilities during last year, has finalized and executed Power Sale Agreements to the tune of 1611 MW capacity with State Utilities such as UP Discoms (751 MW), Rajasthan Discoms (660MW),Tamil Nadu(100MW)on long term basis & with KSEB (100MW)on medium term basis during FY14.The power supply under the a fore mentioned agreements to KSEB and Tamil Nadu shall commence during FY15 and to UP& Rajasthan during FY17.No new Case-1 Biddings processes were initiated by the State Utilities during FY14.As far as performance of your company is concerned,it traded~35BUs (23%increase YoY) of electricity with a market share of~38%(including cross-border). Long- term segment saw the highest growth of 28.5% followed by PX(22%)and ST bilateral trades(~22%). Most of the power traded by us was on Round The Clock (RTC) basis-96%which is three percentage points higher than last year- the remaining power being Peak and other.During the year,we revisited our Power Tolling business and considering risk -reward scenario,convert edit in to long -term PPAs
Dredging Corporation Of India Ltd
Dredging Corporation Of India Ltd. is a premier and the only PSU dredging company in India. Company is also the preferred dredging company for Major Ports and the Indian Navy. Company has been in this business since 1976 and has been catering to the dredging requirements of the major ports/ Indian Navy since then. Owing to the long association with the Major Ports, Company is the most preferred company for dredging requirements of most of the Major Ports and the Indian Navy.
Century Enka Ltd.
Demand of NTCF is sustained and both the plants at Bharuch and Pune are operating at full capacities, however duty concessions under FTAs and renewal of anti dumping duty on NTCF will be critical to the survival of NTCF. Margins are under pressure because of surplus capacity in Polyester POY and higher import of NFY. Energy is a major cost component. As a risk managing measure, the Company is pursuing with Maharashtra State Electricity Distribution Company Limited to allow the Company to purchase power under open market operation for it's Pune plant. The neighbouring State of Gujarat, where company's another plant is located, offers such a facility. Introduction of Value Added Tax (VAT) @ 5% on NTCF in Maharashtra and increase in Local Body Tax (LBT) @ 2.4% on all inputs including the main raw material as compared to Oct roi rate of 1.55% for Pune plant will severely affect profit margin.The outlook in near term as well as long term remains cautiously positive.
Sintex Industires Ltd
The Company offers a huge bouquet of products -- from creating housing units to small components that find application in the medical equipment and electrical businesses -- processed at its facilities across India - emerging as the only plastic processing Company with a pan- India manufacturing presence. Revenue from this business grew by 14.88% from Rs.4,729.43 crore in 2012-13 to Rs.5433.19 crore in 2013-14 despite the continued endeavour to gain business exposure in the monolithic construction space, due to prevailing external adversities. This segment contributed 90.87% of the Company's consolidated revenues. EBIDTA moved to Rs.912.40 crore in 2013-14 against Rs.665.95 crores in 201213. Input cost prices and inflation pressured] EBIDTA margins of this business.
PTC India Ltd
It has been another fruitful year in terms of the Agreements signed by Company for the sale of power to the State Utilities through Competitive Bidding Processes. Company, having participated with a cumulative capacity of 4379 MW in bids invited by various State Utilities during last year, has finalized and executed Power Sale Agreements to the tune of 1611 MW capacity with State Utilities such as UP Discoms (751 MW), Rajasthan Discoms (660MW),Tamil Nadu(100MW)on long term basis & with KSEB (100MW)on medium term basis during FY14.The power supply under the a fore mentioned agreements to KSEB and Tamil Nadu shall commence during FY15 and to UP& Rajasthan during FY17.No new Case-1 Biddings processes were initiated by the State Utilities during FY14.As far as performance of your company is concerned,it traded~35BUs (23%increase YoY) of electricity with a market share of~38%(including cross-border). Long- term segment saw the highest growth of 28.5% followed by PX(22%)and ST bilateral trades(~22%). Most of the power traded by us was on Round The Clock (RTC) basis-96%which is three percentage points higher than last year- the remaining power being Peak and other.During the year,we revisited our Power Tolling business and considering risk -reward scenario,convert edit in to long -term PPAs
Dredging Corporation Of India Ltd
Dredging Corporation Of India Ltd. is a premier and the only PSU dredging company in India. Company is also the preferred dredging company for Major Ports and the Indian Navy. Company has been in this business since 1976 and has been catering to the dredging requirements of the major ports/ Indian Navy since then. Owing to the long association with the Major Ports, Company is the most preferred company for dredging requirements of most of the Major Ports and the Indian Navy.
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